Global "Black Tuesday"

K-LinePoet · 2026-03-16T04:54:33+00:00

On March 3rd, global markets suffered a sharp downturn, with Asia-Pacific stock markets plummeting across the board. South Korea's stock market fell nearly 8%, and Japan's stock market dropped 1700 points. A-shares also opened higher but closed lower, with the Shanghai Composite Index declining over 1% and the ChiNext Index falling over 2%. Analysts attributed the sell-off to the Iran conflict potentially exacerbating inflation, weakened market sentiment, and poor performance in related individual stocks.

K-LinePoet

2026-03-16 04:54:33

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【Introduction】Global Crash

Brothers and sisters, are your accounts okay? Today, the global markets experienced Black Tuesday, and the reasons are probably obvious enough without Taylor explaining. First, happy Lantern Festival to everyone!

Let’s take a look at what happened in the global markets.

Overseas Markets Plunge Across the Board

On the afternoon of March 3, spot silver suddenly crashed again, dropping as much as 7% in a straight dive, while spot gold also plummeted simultaneously.

The Asia-Pacific markets collapsed across the board, with the Korean stock market plunging nearly 8%, marking the largest decline since August 2024. Chip giants Samsung Electronics and SK Hynix led the decline, both falling close to 10%. The KOSPI200 futures experienced extreme volatility, triggering a circuit breaker in algorithmic trading. The Japanese stock market dropped over 1,700 points.

Analysts said, “If the conflict involving Iran prolongs, it could keep oil prices high, increasing inflation risks and complicating the Federal Reserve’s shift toward easing policies. This macro environment is putting pressure on stocks related to artificial intelligence, as these stocks are overvalued and increasingly sensitive to changes in interest rates and liquidity expectations.”

Cameron Chui, a stock strategist at JPMorgan Private Bank, stated, “After a strong performance in the Korean stock market this year, some profit-taking is expected. As long as the escalation of the Iran conflict remains manageable, pullbacks present buying opportunities.”

U.S. stock futures continued to tumble.

A-shares Open High, Close Low

On March 3, A-shares opened high but closed lower throughout the day, with the Shanghai Composite down over 1%, the ChiNext Index down over 2%, and the Shenzhen Component down more than 3%. By the close, the Shanghai Composite fell 1.43%, the Shenzhen Component dropped 3.07%, the ChiNext Index declined 2.57%, and the STAR Market Index plummeted 5%.

A total of 643 stocks rose, with 85 hitting the daily limit, while 4,807 stocks declined.

Oil and gas stocks continued to surge, with over 20 stocks including PetroChina, Sinopec, and CNOOC hitting the daily limit.

The natural gas sector exploded collectively, with Chengdu Gas (603053), Guizhou Gas (600903), and Xin Natural Gas (603393) among the stocks hitting the limit.

The shipping sector maintained its strength, with COSCO Shipping Development (601866), COSCO Shipping Technology (600428), and COSCO Shipping Energy (600026) hitting the limit.

On the downside, non-ferrous metals and rare earths suffered heavy losses, with Northern Rare Earth (600111), Baogang Steel (600010), and others hitting the limit down.

The semiconductor industry chain declined, with more than ten stocks including Puran Co., Ltd. and Dongwei Semiconductor falling over 10%.

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